Rite Aid swings to profit in Q1 on one-time gains
Drugstore chain Rite Aid (RAD) swung to profit in the first quarter owing to one-time gains from the sale of...
Other Industries
It might be the final nail on the coffin for the largest US nail maker
Poplar Bluff, Missouri-based Mid-Continent Nail plant laid off 60 workers last week as steel tariffs affected this household name. By...
HR and payroll services drive Paychex profit higher
Paychex (PAYX) reported a 17% jump in earnings for the fourth quarter, helped by an increase in revenue from HR...
Earnings Preview: Walgreens Boots Alliance
General Electric’s (GE) replacement on the Dow index, drug retail chain Walgreens Boots Alliance (WBA), is said to have a...
Celgene inks a deal with biotech start-up Skyhawk Therapeutics
Biotech start-up firm Skyhawk Therapeutics entered into a five-year deal with Celgene (CELG) in which it will receive an upfront...
Should oil and gas companies be held accountable for global warming?
Climate-change lawsuits filed by the cities of San Francisco and Oakland against five major oil companies were dropped by a...
JinkoSolar stock drops on weak quarterly results
JinkoSolar Holding (JKS) reported a 93.3% dip in earnings for the first quarter due to lower solar module shipments and...
General Electric close to selling the industrial engine unit
The much-delayed sale of General Electric’s (GE) industrial gas engines unit is close to being finalized. Divesting the unit, which...
Incoming Intel CEO has a plate full of problems to solve
Intel Corp. (INTC) is facing a shakeup after the unexpected exit of its CEO Brian Krzanich over non-fraternization policy violations....
Will Atul Gawande shake the US healthcare industry?
Berkshire, JPMorgan and Amazon have announced on Wednesday that Dr. Atul Gawande will be donning the role of CEO for...
The best is yet to come as more firms take the IPO route to raise capital
Last year was a turnaround year for the IPO market when American stock exchanges witnessed around 50% growth in the...
Trade tension intensifies; crude oil to fluctuate
The U.S. and China are at it again. Last week President Donald Trump said he was going to impose new...
Tax reform spells doom for H&R Block, stock plunges most in 30 years
The early months of the year witnessed several companies reporting unusually large quarterly profits, mostly benefitting from the tax reforms...
Stryker confirms that it didn’t bid for Boston Scientific
Two days after the acquisition speculation sparked in the internet, medical equipment maker Stryker (SYK) stated today in an 8-K...
World Cup 2018: Countries might fight for it, but FIFA will still have the cup
It’s futbol fever time around the world, as 32 top soccer nations gear up for the FIFA World Cup 2018....
Sage shares skyrocket after FDA allows expediting development of depression drug
Shares of Sage Therapeutics (SAGE) rose nearly 6% before the bell today after the FDA allowed it to accelerate the...
Alzheimer’s patients get a fresh jolt as Lilly ends clinical trial prematurely
Despite the continuing research and clinical studies, Alzheimer’s disease remains a hard nut to crack, but the real challenge facing...
Boston Scientific spikes to new 52-week high on takeover rumors
Today, shares of medical equipment maker Boston Scientific’s (BSX) soared to a new 52-week high ($37.30) on acquisition speculation. Rumor...
Uber and Lyft may soon clash over e-scooters
Of late, there has been a crazy surge in interest surrounding electric scooters, which are often referred to as the...
ConocoPhillips in talks to sell stake in Cenovus Energy
US oil producer ConocoPhillips (COP) is working towards dumping the stake it acquired last year in Calgary-based oil company Cenovus...
Athenahealth CEO leaves; company ponders sale
Jonathan Bush, the chief of Athenahealth (ATHN), has stepped down from his role with immediate effect. The company has begun...